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'm jim axelrod. a lot of holiday plans are out the window tonight due to a powerful storm system that stranded travelers on highways and at airports. it's blamed in at least six deaths. in the south, there are reports that 41 tornadoes have touched down since yesterday. one of them sheered off the front of the trinity episcopal church in mobile, alabama. luckily, no one was injured. the same system brought a blizzard to parts of the midwest, forcing the cancellation of more than 1,400 flights. tonight, it's headed to the northeast. winter storm warnings have already been posted. troy kehoe of our cbs station in indianapolis begins our coverage. troy? >> reporter: well, jim, here in bloomington, indiana, we've already seen 11.5 inches of snow so far, and it is still coming down with blizzard conditions here in the midwest. this has been a two-day storm leaving much of the country paralyzed. blinding snow with wind gusts topping 35 miles an hour have created whiteout conditions in the plains in midwest. by midday, a half-foot of snow had already fallen in indianapolis. george cumm
no deal right now is better than a bad deal. >> okay, gary b, jim mentioned the market, let me play wall street on tv. basically i'm sick of this. 'm going to keep heading south because the uncertainty, the anxiety is killing me. if we had any kind of deal, at least we might see stocks move up a bit. that wld be good for our 401(k)'s, wouldn't it? >> that's exactly my perspective, brenda. this was a really rough week on the market and it's all related to, n the-- not the fiscal cliff, it's the psychology of the fisl cliff, and the sad truth is whether they do a deal now or they thoughtfully do a deal six months from now, really, nothing will be accomplished. the fact is, public debt is consuming our economy. it's about 73%, regardles o what deal gets done. it will be about 73, 74% ten years from now. we've done nothing and nothing will be done to address social security, which is now officially running adeficit, medicare, medicaid costs are growing ast nomically. at least do a dumb deal now and get people over the fiscal cliff and kick the can down the road, that's going to happen anyway
" with jim cramer starts right now. >>> i'm jim cramer and welcome to my world. >> you need to get in the game. >> funds are go going to go out of business, they're nuts. they know nothing! >> i always like to say there's a bull market somewhere. >> hey, i'm cramer. welcome to "mad money," welcome to cramerica. my job is not just to entertain, but to teach and to coach you. so call me at 1-800-743-cnbc. may 2013 be as good as 2012 for you in the stock market. that's what i found myself thinking all day, in spite of today's incredible action, best day in over a year of the. the dow soaring 108 points. the nasdaq rockets 3.07%, i feel like i'm surrounded by people who are already fretting about the next big bad thing. this time it's the debt ceiling fight. they're worried eem as it seems the market has a tremendous case of seller's remorse. they're scared. even as it seems those who fled the market year end are in their buying and buying the same stocks we sold. when we looked certain to plunge into the fiscal abyss. how else do you explain how we got the best first day of the year f
what is happening in the united states with a wary eye, cnn international anchor jim clancy is with me now. jim, this is such a hyper-focused american problem and yet it's really a problem for the whole world. >> it definitely is. if mitch mcconnell is looking for a dance partner. the united states is the dance partner for the entire world. the markets hate uncertainty what they hate even more is steering abject failure square in the face. those markets are going to open up in four or five hours' time we should see some limited reaction in asia. but perhaps not yet. it's still uncertain what is going to happen here. there's a huge stake. everyone realizes. europe has got its problems. germany starting to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is reall
the story of the civil war at sea and on the rivers, jim, you were putting the finishing touches on your new book. craig, you were preparing four book for publication as well, and now both dish have to do this the way they do on the talk shows -- so, now, james mcpherson's war on the waters, the union and confederate navies, 1861 to 1865, and craig's civil war at sea, both very handsomely done, and it's good because we get to resume our conversation. we barely broke the surface. let's get right to it. because we spoke for an hour last time and we got to about january of 1862. so i'll assume you all know about 1861. and get to something that jim pointed out in his book, which i found rather interesting, and that is that 150 years ago this month, eye side from all the other things going on, including the first shudders of the realization that lincoln had actually promulgated an emancipation proclaimation. the blockade was in force in confederate ports. the union had chanced the bombardment of the city of vicksburg, and new orleans had fallen. the tennessee, cumberland, and mississippi rivers s
tonight and tomorrow. good evening. it is down to the 11th hour on this new year's eve. i'm jim handily in tonight for jim and doreen. the question right now will this deal pass both the house and the senate? steve handelsman is live with a countdown on capitol hill. >> reporter: too late to stop the plunge but the senate plan would make it a bungee jump. a scary fall but a quick bounce back. as midnight approached vice president biden came to the capital. >> happy new year. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year witho
something's coming. if afternoon, everybody. i'm jim handly. >> and i'm erica gonzales. what do you say for the weekend, doug? >> erica, jim, jim, you said it perfectly. something is coming. it may not be snow, it may not be rain. it all depends on where you are. the big news is this is not a big storm. even if it's all storm, we are not expecting a lot of it. current, at about 6:00 miles an hour, that puts our windchill at 38 degrees. very chili around the region. and around the rockville area, down towards la plata. the warm spot is fredericksburg at 45. we will see numbers continue to cool. you can see that storm down to the south and west. we're going to be watching this one very closely. rain on the south side of it, snow on the north side of it. here is the storm making its way our way. it will continue to do so as we may our way through the night tonight. i do expect some of you to stay all snow while others could be all rain. who's going to get what? that's what we're trying to nail down right now. i'll show you what i think in a minute. >>> thank you so much, doug. people i
on overtime" presented by jim coleman infiniti. after six straight victories it all comes down to this. >> unbelievable. >> redskins-cowboys, winner takes all. >> we want to control our own destiny. >> can the skins punch their ticket for the first time in seven years? whose star will shine brightest in prime time? game on o.t. starts right now. >> morris exploits a hole, there he goes. morris to the end zone, touchdown! >> what an exciting night. good evening, everyone. we appreciate you staying up with us for a jam packed "game on overtime," a redskins jam packed, that's for sure. who would have thought seven weeks ago that a 3-6 redskins team would be the nfc east champs playing their first home playoff game since 1999. let's check out how it all played out tonight. for the second straight week, redskins' quarterback rgiii sporting the knee brace for that sprained knee. on the first drive the skins' offense looked out of sorts. josh morgan, the drop on 3rd down. the burgundy and goldman acknowledge just two yards. they're forced to punt. dwayne harris fields it on the dallas 45. hug
. >> caller: hi, jim. for a beginning investor new to the stock market, would you advise shorting stock? and could you explain how one would make money trading in that manner? >> no, i do not advise shorting stock. losses can be infinite. i would prefer you to buy puts and you protect your upside sales call. and you protect your down side, and go back to getting even. i describe in 100 pages how it's better to buy puts. we know the key things to look for. great stocks to buy, insider buying is one of them, particularly when there is a heavy short position. that can often be a combustible situation that can explode to the upside. stay with cramer. >>> nobody is more passionate about the market than i am. nobody in the whole country. >> i want to thank you. have you saved my retirement. >> you are why i come out here and do this show. thank you so much. >> the stuff that are you doing for all of us, is so important. i want to say thank you. >> my husband and i watch every day, and we count on your help for small investors like us. >> put cramer's 30 plus years of experience to work for yo
an your money. jim amos, chairman of planet smoothie. we have the ceo of fast signs and the jamie richardson the vice president of white castle. we have a power panel on today. thank you all for joining us. i want to start with some news from clarence otis, ceo of darden restaurants. obviously he came out and said that the forecast for his company going forward is looking bleak for a couple of different reasons. he said the negative media coverage that focused on darden and how they might accommodate health care reform has really hurt the company. he was someone who came out and said they would have to go ahead and use many more part-time workers because obamacare was simply too expensive. there was a big backlash against that. so he is going to have to go ahead and as a result, they will keep their full-time workers on. they will really stuck with the cost of obamacare. he also said, you know, they're having a tough time because people aren't coming into the restaurants because economy is bad. in my mind he spoke out. got punished for it. at the same time the economy is terrible.
duck session of congress. >> or, jim, as they call the grand bargain or the big deal. are those days dead given where we are? we really aren't going to be very different in this new congress. most of the congress felt that they were left out of these negotiations. it's all about the leadership anyway. >> one of the ironies is that the republicans left on the table what would have been a much more advantageous deal more than a year ago and the president was bending to a far greater extent. they spurned that and boxed into a corner and now tomorrow you'll have the president sunning in hawaii while john boehner is trying to twist some arms to get reelected speaker when the republicans meet. but one should also note here in that list, one thing i think you left out and surely unintentionally is what's going to happen for payroll taxes. for the average person, you're going to pay about a thousand dollars more and that's a lot of money for people to maybe $40,000, to $50,000 a year. you could argue they are losers here, too. >> we're going to do a whole segment on that later in the program
[ ♪ theme ♪ ] >> yeah, it's "the stephanie miller show." this is chris. that is jim. >> chris is sick as a dog and stephanie's not here. >> it will be a wonderful show today. we only had a day off the fiscal cliff. so there's that. representative john boehner told senator reid to go f himself. twice. >> really? >> according to the folks at politico. so i'm shush we'll be talking about that if stephanie gets here. hoping and praying she gets here. happy new year to everyone out there. yeah, jacki schechner -- >> happy new year. >> happy new year to you too. >> some things don't change. you like to step all over my news before i start. >> oh, geez, did i do that? oh god! okay. there's stephanie. >> stephanie: happy new year. >> let's go to jacki schechner in the current news year. >> whatever, steph. thanks for joining us! good morning everyone. happy new year to you. not only did congress wait until the very last minute to come to a deal to stave off the fiscal cliff but by all accounts,
meteorologist jim dickey. hi, jim. >>> these early morning temperatures this morning. 5 in burlington, 9 in portland. a cold 18 in boston. now, we switch gears the north central portion of the wasn't. these are your daytime highs. similar numbers. only 9 today in minneapolis, 18 in omaha. that arctic air is surging in. it will lead to light snow across the plains and ohio valley. paula and john, back to you. >>> time for the rest of the new year's eve weather. from across the nation. to the south, snow. expect thunderstorms in much of texas. oklahoma city, little rock, memphis. showers from seattle to portland. flurries around the great lakes, western pennsylvania, and northern new england. >> breezy in the mid 30s as the ball drops tonight in new york city. 20s in the northern rockies. 30s in the pacific northwest. still can't believe we're talking about 2013. >>> a new threat against americans overseas. >>> have no fear. your milk prices will not be soaring after new year's. that's in your business news straight ahead. >>> and a major announcement for i'm only in my 60's... i've got a
jim and bill, a couple that has been together for 35 years. and they never thought they would see the day when they could legally wed. >> i am very happy. this is as happy as i have ever been and be able to spend the rest of my life with bill legally. angela show the gay community can be done. >> bill and jim say they hope other states will follow maryland's lead and legalize same-sex marriage. kim dacey, wbal-tv 11 news. >> a number of other new laws go into effect today. current city officials will get an extra year in office. a parent or guardian can freeze credit reports to protect kids from identity theft. they hope it can protect foster children. for more on all the new laws, you can visit our website, wbaltv.com. >> fireworks and parties unfolded all around the world. >> kurt gregory takes a look at new year's around the world. >> the first major city to celebrate 23 was in new zealand. in australia, a fireworks display dazzled hundreds of thousands in sydney where an estimated 1 billion people watching on tv. a large crowd in china. in tokyo, monks rang bells to cleanse si
was inside. that was the store's owner, jim butler. they got into an altercation inside the business and philip was eventually shot. philip eventually collapsed in the parking lot. he had been having difficulties with people breaking into the stores and this time he happened to be there when it happened. philip had a vast criminal record including theft and various drug offenses. so far no charges have been filed in this case. kim dacey, wbal-tv 11 news. >> there were two separate christmas day shootings. what happened on druid park lake drive. officers found a male suffering from a gunshot wound to his leg. no word as to a suspect or a possible motive. there's a shooting in west baltimore. and now was found with a gunshot wound to his upper body. no word this morning on his condition. we have an update on a christmas eve double shooting in east baltimore. one of the victims has been identified. he was shot multiple times and later died at the hospital. a second victim walked into a local hospital with gunshot wounds to her stomach. she is expected to recover. >> president obama is c
of tackling the fiscal problems. a virginia congressman, jim moran, one of 16 democrats who did not vote for the bill. he says this year will see a dramatically shrinking government. >> this is a new day and it's not a bright day. i am afraid that this is kicking the can down the road. the problem is each time you do that, it gets heavier. >> he says this could lead to another fiscal cliff. automatic across-the-board spending cuts to the pentagon and other agencies will be in up in months. and the debt ceiling deal will be reached in two months if congress does not act. jim moran is not confident working out a deal will be easy. >> just increasing the deficit by $3.90 trillion, which will now force us to dramatically street the size of government and that will have an adverse impact on the washington area. >> the president returns to hawaii, so it's not clear when he will sign the bill. brianne carter reporting. >> secretary of state hillary clinton continues to recover from public clocked at a new york hospital. she was last seen in public three weeks ago before she fainted and was foss
down the hatches. >> i'm sorry, jim. i to be the subsidy to pbs. i like pbs. i love big bird. bought us binders full of women. >> governor, we also have fewer horses and bayon i don't know i don't know nets. >> big bird. >> binders. >> i just called president obama to congratulate him. >> i congratulated him and paul ryan on a hard fought campaign. >> i prey that the president will successf fuful in guiding nation. >> we are an american family and we rise or fall together. the task of perfecting our union moves forward. >>> tonight we are celebrating the year in the news, the winnersnd the losers, the person of the year and we will handout the donald trump award to the person who has embarrassed him or herself the most this year. all right. let's start with the most valuable player of the 2012 presidential campaign. alex wagner, the most valuable player of the 2012 campaign. >> in my book, it's david pluf. i think this is a line in the sand for american campaign politics. i think, you know, you said beginnings of what with dean and certainly obama .10. >> crystal, most valuable player o
down the hatches. >> i'm sorry, jim, i'm going to stop the subsidy to pbs. >> i like pbs, i love big bird. >> they brought us binders full of women. >> big bird. >> horses and bayonets. >> oh yeah ♪ ♪ >> i just called president obama to congratulate him. >> i congratulated him and paul ryan on a hard-fought campaign. >> i pray that the president will be successful in guiding our nation. >> we are an american family, and we rise or fall together. the task of perfecting our union moving forward. >> tonight, we are celebrating the year in the news, the winners, the losers, the person of the year. and we will hand out the donald trump award. all right, let's start with the most valuable player of 2012, alex wagner. >> in my book, it is david, you saw the beginnings, with dean, and obama. >> krystal? the most valuable player? >> probably to waiter who placed the camera at the mitt romney fundraiser and captured the 47% comments, which i think showed a lot of people their concerns about mitt romney and the fact he really was not there for all of america. that he didn't understand the p
. marco rubio, mike pence, jeb bush, and soon to be former senator from south carolina jim demint. joining me now, our end of the year gaggle, crystal lizza, perry bacon, stephanie cutter was the deputy campaign manager for obama's campaign, and madden was a senior adviser for romney's campaign. hello. happy new year, although we asked all of you to pick, i threw out my dozen and i asked you to pick two you were going to feedback. we're not going to do the 2016 conversation now, but we'll do it in a few minutes. who are the few who jumped out at you? >> i'm a little nierdy, so i picked michael bennet, the colorado senator, because he's the head of the committee which means he's tasked with trying to again keep a democratic senate majority, going to be difficult. you have 20 democratic seats up, only 10 republican seats up. >> and he wants to be senate majority leader some day. >> they asked him two years ago. he said no. he said yes this time. >> you also said pence. why pence? >> he spent time in congress. he's now the governor of indiana. i think he's a guy who we underrate in terms of h
some people i admire including if senator jim buckley. he deserve a round of applause. let us begin with a paradox. whitaker chambers. whitaker chambers was a soviet spy who became in bill buckley's words, the most important american defector from communism. and its treasonous adherents, continued in august of 1948 when he identified alger hiss, a golden boy of the liberal establishment as a fellow member of his underground communist cell in the 1930s. this was a former assistant of the secretary of state and adviser to of franklin d. roosevelt, acting secretary-general of united nations' founding conference in san francisco and recently named president of the carnegie endowment for national peace. he emphatically denied chambers's allegation. a great deal more than the reputations of these two men was at stake. if this was innocent, anti communism, and those closely associated with the like richard nixon. it was dealt a devastating blow. if alger hiss was guilty, anti communism would occupy a prominent part of the political landscape, and his spokesman would become national leaders
was having dinner with jim, who is also known to have a colorful word or two when he speaks, and he told me about a round of golf he was playing with arnold palmer. he was chipping everywhere but the affair with. i am sure that he had a word or two. after a few holes or so, mr. palmer said to him "jim, which you like a little advice?" if any of us had a moment where arnold palmer says to us "would you like a little advice?" it would probably be like the winds calmed. "jim," he said. "you are not good enough to get mad." [laughter] that is reason enough to give this metal to mr. palmer, for giving the greatest golfing device ever. in his home, he has a table with coins for every championship he has won. there is an empty spot. he said, you never know when you'll have another claim to fill up one of those spots. mr. palmer, this is your day. thank you. [applause] >> ladies and gentleman, united states senator from the state of pennsylvania, the honorable patrick toomey. >> good morning and welcome to our guest of honor. we all know that's arnold palmer is a man of exceptional talent and succe
his decision. jim moran of virginia's eighth district released the following statement shortly aft bill was passed. quote, i've been hoping to cast a ballot for a balanced deal which addresses both long run fiscal issues and the artificial short-term crisis created by the budget control act. the bill before us today is wholly inadequate. it leaves our country with three more fiscal cliffs to negotiate over the next three months. i'm deeply concerned by the long-term consequences of this hastily crafted agreement. i cannot in good conscience support this legislation. that from virginia congressman jim more ran. -- >> jim moran. >>> lawmakers from both parties are speaking out against the decision by house republican leaders to end the congressional session without voting on an aid bill for victims of superstorm sandy. new york republican peter king said the decision was indefensible. maryland democrat steny hoyer said he was deeply disappointed. last friday the senate approved a $60.4 billion sandy relief meetings. the house appropriations committee drafted a smaller bill. a vote by
. she also is an ordained minister. she married jim and bill, a couple that has been together for 35 years. they both said with a started dating in the 1970's they never thought they would see the day when they could legally wed. they made it official early this morning. >> i am very happy. this is as happy as i have ever been and to be able to spend the rest of my life with bill legally. and to show the gay community it can be done. >> bill and jim say they hope other states will follow maryland's lead and legalize same-sex marriage. kim dacey, wbal-tv 11 news. >> thank you. a number of other new laws go into effect as well. elections will now be held in the same cycles as the presidential elections. another new law allows a parent the right to freeze credit reports to protect kids and disabled adults from identity theft. advocates hope it will help protect foster kids. you can see more on our website, wbaltv.com. >> another opportunity to lower the crime rate in the city. the commissioner talked about made.ogress they have >> all of our crime stats are down. and last year was a dyn
much we can expect and when. doug. >> yeah, jim. we're watching this storm actually make its way in right now. i think the pretreatment of the roadways is going to help in a big way as we make our way through the night tonight into early tomorrow morning. 38 degrees at the airport. winds out at the northeast at 3 miles an hour. no windchill to talk about. it's a fairly nice friday evening. as we make our way into saturday morning, we're going to run into a few problems. this is why. take a look at the temperatures. 38 here. below freezing well to the north and west including manassas, leesburg, and frederick. that means anything that does fall will most likely start to stick on the roadways and of course on other surfaces as well. any of the secondary roads could be problematic early tomorrow morning. that's why we do have that winter weather advisory in effect. it does not include the district, prince georges county, fairfax county and down toward the south and east including all of southern maryland, you're not in that advisory. north and west we're looking at that advisory aro
. today the organization launches its some day is today campaign, . jim is the senior co-chair for the ball. thank you for coming in. >> thank you. we're excited to be launching this campaign, because we're really on the brink of making major differences in the lives of patients. i don't think people realize that blood cancer is the number three cancer killer in the country. every 10 minutes somebody dies of blood cancers. yet, we are on the process of getting new drugs making a major difference in people's lives. we funded over $800 million of research. $70millionlast year. we're really excited to be launching this campaign. >> jim, this is something that's near to your heart as well. you are a leukemia survivor yourself. nine years you've been in remission? >> nine years. the leukemia ball has been something i've been involved with. the first leukemia ball i went to, announced the discovery of a new drug. i thought it had nothing to do with me and two years later i'm on it and it's made all the difference. i missed only one day of work. i play tennis a couple of times a
gone, but some other coaches that might have some worries here, jim schwarz in detroit, daley in buffalo, the list goes on. and tomorrow is an interesting day in the nfl and none of it has to do with action on the field. >> harris: peter, we appreciate you coming in on this sunday night, the last one of 2012, to bring us all the news. >> there you go. >> harris: about the nfl. >> a great year, harris. >> harris: fun to be with you. we've got to get back to breaking news, on the record, statements from the office now of secretary clinton, that the doctor have discovered our secretary of state has a blood clot that had formed stemming from the concussion she sustained several weeks ago. she's being treated with anticoagulants and is at new york presbyterian hospital so that they can monitor the medication over the next 48 hours. thank you so much for bein trying to get a vote, trying to get it together. huck uh key starts -- huck uh booy starts now. >>> out with the old and in with the new. what does 2013 have in store? obama care. over a third of the states won't set up exchang
meteorologist jim dickey is tracking that storm. jim, who is going to get it first? >> seeing the snow right now already across southern illinois and southern, indiana. with the storm, not packing the punch that its predecessor did but still a wide swath of snow across the ohio valley spreading its way north and eastward and then the cold front with the system putting down substantial rainfall. good news is nothing in the way of severe weather reports or reports of damage like we saw with the storm the day after christmas. moves east ward and the heavy rain tracking into the florida panhandle right now. reds and yellows marking the heaviest precipitation. with that further northward sold air in place. the heaviest band of snow the darking blue shade stretches from indianapolis down south of st. louis and that will move north and eastward as we head through the night. the first moves into pennsylvania and weakened and then transfer energy to a system that is going to roll up the coast but that happens too late for this to be a major snowmaker for most of us here. a wide swath of snow from the sto
-weather meteorologist jim dickey to tell us more, jim? >> yeah, good evening, harris, this storm incredible yelled. rapidly striking its way up the coast and brought a swath of snow. and up to 20 inches from the storm and now across the region, not much to look at, but it isn't telling the full story and the pressure off the coast, and bringing in cold air and gusty winds. when you factor in the wind, the real-feel, minus 2 in portland and temperatures will fall here, cold ones, especially in new england and fall to 5 in burlington, down to a cold 9 in portland. like you said, winter is here to stay and of course, we're already looking for our next snowstorm here and new year's eve watching a large system drift out of the four corners out of the southern tier of the rockies, bringing soaking rain across the lower mississippi valley and a swath of snow from the central and southern plains into the ohio valley and not the snow maker we just saw or the predecessor of that storm either. still, decent snow in some spots and especially into kansas through the afternoon, through the morning here, and tha
. jim and i-- i just lost him three years ago-- dr. jim? >> that's right. we were married 51 years. but anyway, before we got married he said you know, mary, i don't really think we should get married until (inaudible) it would make me feel better. >> rose: jim said that? >> and i said "i think you're right." so i met margaret, his new wife, and dad and i was asking him, mother used toñr say never let e sun go down on your anger. and i say never let something like that ruin your life. you've got to make up w your parents. you've got to make up with somebody that you've had problems with. and it was really wonderful. it really brought us together and i had to talk to trustees once and someone came up to me and said this has done something for my family, because there was something like that going on. you musn't ever let something bitter influence the rest of yourÑi life. >> i've always maintained that grandmothers are the best models in the world. if you don't have a good grandmother you're not going to be a good novelist. and they told me about the family origins and the plantati
now. mike, how much support does the speaker have right now to stay in that position? >> you know, jim, that's a great question. there's been a lot of speculation over the last couple days. after all that turmoil yesterday, where there was a back and forth, a question whether house republicans would go along with the overwhelming bipartisan vote, there were republicans very angry about that vote, they didn't think it had enough spending cuts in it to match enough tax hikes, and they hesitated. in the end, speaker john boehner had to put it on the floor that angered a lot of republicans. newscast his number two, eric cantor, the majority leader voted no, and john boehner voted yes on final passage. now, jim, tomorrow is the formally election of the speaker. he's already been nominated. usually a formality. we have no reason to believe otherwise. but you've got to believe that somewhere down the line, he may be weak end here. that's why he's already looking forward to another fiscal clive. >> let's go back to the sandy spending bills. how did something like this happen? a lot of people a
a bull market somewhere. i promise to find it for you here on "mad money." i'm jim cramer. see you tomorrow. >>> coming up on "worldwide exchange," retail reality check. it's the day after christmas, early data shows the slowest growth in spending since 2008 this holiday season. we're crunching the numbers for you. >>> the u.s. is set to go over the fiscal cliff in five days. that means taxes will go up for nearly every american. dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold
>> reporter: making election night no surprise the biggest campaign story of the year. jim acosta, cnn, washington. >> and i'm allison kosic. "cnn newsroom" continues now with martin savidge. don't go anywhere. >> thank you very much. >>> welcome to the cnn "newsroom." i'm martin savidge in for fredricka whitfield. here are the top stories we are following right now. >>> that fiscal cliff. we are at the very edge. senate leaders are working through the weekend trying to reach a deal before the deadline. today president obama called on lawmakers to meet their deadlines and responsibilities and forge a compromise to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able
investment portfolio. jim awad, a longtime manager. sean egan knows a thing or two about credit ratings, the founder of an independent rating agency not paid by the corporate issuers that it rates. sean, your firm was quick to downgrade the u.s. credit rating last year. if we go over the cliff or lawmakers reach some sort of watered-down compromise, will you downgrade america again? >> no. our take on it is that it's a very positive sign that the government is wrestling with the immediate problem of the budget deficit. it was $1.4 trillion last year. it's probably going to come in at about $1.2 trillion for the current year. so we view this whole wrangling as a positive, that it's the first step to solving a problem is recognizing it. most people in washington and throughout the country are recognizing the immediate problem of the federal budget deficit. >> that is a remarkably glass-half-full view of the world, sean. i appreciate that. let me take a look at world borrowing costs. this is a gauge of how investors feel about a given country. sovereign debt. if you're buying bonds of a co
. >> jim moran is wondering if partisan politics has destroyed the chance for any agreement. >> i don't think we will be up to reach a deal, no matter how small it might be. >> the american people are watching what we do. obviously, their patience is already thin. >> if senate leaders reached a deal, rank-and-file senators could vote by sunday, house member sunday night. right now there is not enough time left, they really need a deal tomorrow to beat the monday midnight deadline. richard reeve, abc 7 news. >> in addition to working on a deal on the fiscal cliff president obama has ordered 50 u.s. troops to the african country of chad to help evacuate american citizens and embassy personnel from the neighboring countr rebel forces are approaching the city. the president said it is a deteriorating security situation. the evacuation comes in the wake of criticism of the obama administration's in telling -- handling of the situation in libya. >> former president george h. w. bush is out of the intensive care unit into a regular hospital room tonight. he had been in the hospital since nov
with that the earliest next month with the new congress. it is the main reason why democratic congressman jim moran opposed this bill and he voted -- he vote it down. we'll hear from the in the next half-hour. back to you. >> surae chinn reporting live from capitol hill. >>> it is 5:04. time for the latest your money report of the morning. >> jessica doyle is here with the impact of this deal. >> well, global markets are riding high because this deal actually got passed in the house. there was concern that that wouldn't actually happen. wall street is back in business today after being closed for new year's. checking the numbers for you, the dow stands this morning above the 13,000 mark yet again. good place to start the new year, gamed 166 points on friday. the nasdaq finished at 59 points. the s&p 500 was better by 23 points. even though investors are riding high on this fiscal cliff deal, the nation's money problems are far from over. great quote here to sum up the year ahead. quote, it looks as if lawmakers will spend 2013 staggering from prices to crisis not unlike a bunch of nasty drunks weav
there. our coverage continues with accuweather and meteorologist jim dicky. good morning, jim. >> good morning. our next storm system taking shape through the day. in the form of two storms. one area of low pressure rolling out of the gulf of mexico, bringing rain to the lower mississippi valley. stronger storms in the afternoon in southern louisiana. and a weak area of low pressure tracks its way out of the midwest, bringing light snow across the great lakes. the two combine forces here. through the night, we'll see 1 to 3 inches in the ohio valley. brandi and muhammad, back to you. >>> in pasadena, california, not only are the stanford cardinals and the wisconsin badgers getting ready for tuesday's rose bowl game, workers are putting together the beautiful floats that will be in the tournament of roses parade. >> this is so cool to see in person behind the scenes. 41 floats will be part of the parade. these are really just the finishing touches. the work started on most of the floats after the rose parade back in january. yeah, they start then. amazingly, each float will be decorated
not knowing somebody was inside. that was the store's owner, jim butler. police say butler, they got into an altercation inside the business and philip was eventually shot. philip eventually collapsed in the parking lot. the owner had been having difficulties with people breaking into the store, and this time he happened to be there when it happened. philip had a vast criminal record including theft and various drug offenses. police say so far no charges have been filed in this case. kim dacey, wbal-tv 11 news. >> police are investigating two separate christmas day shootings. one happened on druid park lake drive in west baltimore. an adult male was found suffering a gunshot wound to his leg. there was a shooting in west baltimore. investigators found a male with a gunshot wound to his upper body. no word this morning on his condition or a suspect. a double shooting in east baltimore. one of the victims has been identified and was shot multiple times. he later died at the hospital. a second victim had gunshot wounds to her abdomen. >> authorities have recovered the human remains worr
be 100%. but for the redskins, i thought cris collinsworth hit the nail right on the head. jim haslett, their defensive coordinator, did a great job. he blitzed all night long, and dallas just did not handle it. it started out with the first third down pass where we get an interception and then it went all the way through the game until the big play at the end when tony romo threw another interception against the blitz, and that defense, they had confidence to put deangelo hall one on one on dez bryant and just blitz, and it really paid off for them. >> okay, coach, let's look ahead to the packers and the vikings. who do you like in that game in green bay? >> well, i like green bay, but for really one reason, and that's putting pressure on christian ponder. adrian peterson's going to be great. he's going to make yards. and also, we know that aaron rodgers is going to put up points and have big numbers. but christian ponder has to come up big. he's got to do it on the road. and the last time they were in green bay, he threw a couple big interceptions that turned the game around. he's go
to get that in. sorry, jim. >> thank, brian. happy new year. >> happy new year. >>> police are on the scene of a serious crash involving one of their own officers. news4's keith russell is at the live desk as more details are coming in. >> pat, a prince william county motorcycle officer is in serious condition after colliding with a minivan late this afternoon. the vehicles caught fire. we do not know whether the people inside the van were hurt. the lanes are closed in all directions at the scene. investigators are still working to find out what caused the crash. we have a news4 crew on the way. we'll have a live report at 5:00. jim, pat, back to you. >> thanks, keith. >>> new year's preparations under way in new york city. right now a live look at times square, where crews are getting geared up for the midnight ball to drop. back here at home, there's already some celebrating going on. news4's tony tull has a look at what's happening at first night in old town alexandria. >> reporter: it was a quiet more here in old town alexandria, but the sign in this bookstore displays
in to sierra. >> jammed mcalpine snowball .com joins us over the phone. >> and jim can you hear me. we would need a couple of minutes to establish our phone connection with gm. i do not hear anything. it is not happening. >> we will come back to jim in a few minutes. >> the conditions are fabulous. to get there you do need chains. the avalanche warning has expired and salt. there8 in fai >> now we have at jim mcalpine. >> tons of snow! >> i will start with kirk would of over 7 ft.. the snow bomb guy i will put my word on 10 ft. of new snow at every tahoe resort. >> is the issue dressed up as santa claus? >> no, unfortunately not. >> the ski conditions are so good it is also to report almost every resort has all with spending. >> we just saw a shot where traffic was at a standstill. the chain of cars the cars with their change or driving in and pretty slow going. >>--wis chaith chains. >> i say it is fine if there is a crowd. that means it is a good idea. >> exactly. with intense heat of new snow is amazing and so much fun. i have to remind everyone it can be dangerous. two people over the la
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